Bank of New York Mellon Corp Has $2.60 Million Stock Position in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Bank of New York Mellon Corp lifted its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 275.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,919 shares of the company’s stock after purchasing an additional 35,166 shares during the period. Bank of New York Mellon Corp owned 0.92% of Flexsteel Industries worth $2,604,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FLXS. Nations Financial Group Inc. IA ADV lifted its stake in Flexsteel Industries by 1.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company’s stock valued at $946,000 after acquiring an additional 265 shares in the last quarter. Barclays PLC raised its position in shares of Flexsteel Industries by 20.9% in the third quarter. Barclays PLC now owns 6,147 shares of the company’s stock valued at $273,000 after purchasing an additional 1,061 shares during the period. Empowered Funds LLC boosted its holdings in shares of Flexsteel Industries by 5.1% during the third quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $977,000 after acquiring an additional 1,072 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Flexsteel Industries by 129.0% during the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock worth $122,000 after buying an additional 1,547 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Flexsteel Industries in the 4th quarter valued at about $106,000. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Stock Down 1.0 %

NASDAQ:FLXS opened at $39.01 on Friday. The firm has a market capitalization of $205.54 million, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.14 and a beta of 0.31. The stock’s 50-day simple moving average is $47.69 and its 200 day simple moving average is $50.45. Flexsteel Industries, Inc. has a twelve month low of $28.81 and a twelve month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. On average, analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio (DPR) is 18.99%.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.